OVCCA makes owning a house easier
Berberabe and Saloma (center) are flanked by Flores (right) and Pag-IBIG Fund Deputy CEO Acmad Rizaldy P. Moti (left)
(October 23)—UP Diliman, through the Vice Chancellor for Community Affairs (OVCCA), has partnered with a number of real estate developers and PAG-IBIG to make owning a house easier for UPD employees.
Presently, twelve developers are now offering a wide range of housing units, from 77- to 140-square meter lots in Caloocan City, row houses and townhouses in San Jose del Monte City in Bulacan to condominium units along Katipunan, EDSA and Timog Avenues in Quezon City.
According to Vice Chancellor for Community Affairs Melania L. Flores the units, depending on location and size, are priced from P385,000 for a 20-square meter floor area unit in Bulacan to P5 million for a 70-square-meter single detached unit in Bocaue, also in Bulacan.
A matrix of the developers and the currently available off-campus housing options can be found here at the OVCCA website.
UPD employees visit a sample unit in Caloocan.
Earlier this year the OVCCA conducted two trippings to give interested employees a first-hand view of some of the places the partner developers are offering. The first was in July 15 and the second was on August 5.
The first tripping was attended by 136 employees from 41 UPD units. They visited Victory Heights, Camella Homes Bagombong and Camella Homes Deparo in Caloocan City.
The second tripping had 35 employees from 20 UPD units visiting Carissa Homes, Camella Homes, Nuvista and Dela Costa Homes located in San Jose del Monte, Bulacan.
To make things easier for employees to acquire the housing units, the OVCCA organized the "UP Diliman Off-Campus Housing Fair: One UP Beyond Campus” at the Institute of Small-Scale Industries last August 12.
A townhouse unit in Bulacan.
Over a hundred employees from various UPD units were in attendance, many from the Diliman Accounting Office and UP Diliman Police.
The highlight of the event was the signing of a memorandum of agreement between UPD and the Home Development Mutual (PAG-IBIG) Fund, with both UPD Chancellor Caesar A. Saloma and PAG-IBIG Fund CEO Darlene Marie B. Berberabe present for the occasion.
The MOA—a first for UPD—establishes an active partnership between UPD and PAG-IBIG wherein the agency will provide housing loan counseling; conduct housing loan pre-qualification; conduct home matching for UPD employees; extend individual housing loans to qualified UP employees and guarantee the take-out of all properly supported eligible mortgages.
The MOA also stipulates that PAG-IBIG will pick up housing loan applications through the HRDO; deliver Notices of Approval through the HRDO; facilitate requests for advance inspection of the properties and process the housing loan applications of qualified UP employees within seven working days upon receipt of complete and correct mortgage folders.
Sample row houses in Bulacan.
Moreover, PAG-IBIG agreed to extend developmental loans to UPD and enter into a Collection Servicing Agreement for the housing loan amortizations through salary deduction.
Eight developers showcased various housing options in orientation sessions held in the morning and in the afternoon.
Pag-IBIG Fund representatives were also on hand to discuss the various services and loan schemes that the institution offers, as well as pre-owned housing units it has acquired and is selling at lower rates.
According to a report by UPD Chancellor Caesar Saloma, UP Diliman covers 493 hectares and employs 3,000 people, including administrative staff and faculty. Within the academic environs are areas within the campus that are designated specifically for faculty and staff housing, and dormitories for students.
Townhouse units in Caloocan.
The same report said that unlike in the 1940s when the campus was first established, “[t]oday, more than 60 years later, the situation is vastly different – the 4th Congressional District of Quezon City where the campus is located is highly urbanized and decent affordable housing is difficult to find.”
Interested employees may contact the OVCCA at firstname.lastname@example.org or tel. nos: 981-8601; 928-2947.—Anna Kristine Regidor, images by Leonardo Reyes